MMBTtrader

GBPUSD important resistance and support zone for today

Short
FX:GBPUSD   Livre sterling / Dollar américain
As we can see we are fighting with this local resistance that created around 1.3770 and shown with red rectangle on chart we may have correction from this area all way down to targets and strong support zone that shown on chart and are :
Targets:
A. 1.3670
B. 1.3600
C. 1.3540

if this local resistance on 1.3770 break we will have different scenario and rise is expected but strong falling trendline (black trendline )is ahead <<near price:1.3860>> that should break first to reach bullish scenario targets

and targets and strong resistance for this week are :
A. 1.3820
B. 1.3914
C. 1.4000

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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